5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Stock

FAO grant funds 3 PHL agri feasibility studies for $1 million

by
March 31, 2024
in Stock
0
FAO grant funds 3 PHL agri feasibility studies for $1 million
REUTERS

THE PHILIPPINES has received grants worth $1 million from the Food and Agriculture Organization of the United Nations (FAO) to support technical cooperation projects focused on the agri-fisheries sector.

In a statement, the Department of Agriculture (DA) said that the projects involve agrifood system transformation, protection for El Niño-affected areas, and aquaculture and seaweed production.

“We will make it a point to fast track the preparation process to ensure that our agricultural sector can benefit from this investment, especially the assistance intended for areas heavily damaged by El Niño, which is a key priority of our Secretary,” DA spokesman and Assistant Secretary Arnel V. de Mesa said.

The funding exceeded the $594,000-initial DA proposal when it met with FAO Philippines Representative Lionel Dabbadie.

In a separate release, the DA said it is set to finalize feasibility studies on infrastructure projects that will boost production of rice and corn.

Secretary Francisco P. Tiu Laurel, Jr. created three project preparation teams to draft the framework for the post-harvest program for rice and corn, solar-powered cold storage facilities, and proposed solar-powered irrigation systems.

Undersecretary Jerome V. Oliveros will chair the three teams, while Undersecretaries Roger V. Navarro and Cheryl Marie Natividad-Caballero and Mr. De Mesa will serve as co- and vice-chairs.

“The teams will have to ensure the project documents are compliant with the requirements of the DA-wide project clearing house system and the National Economic and Development Authority-Investment Coordination Committee,” Mr. Laurel said.

The DA estimates that the government needs to put up P93 billion to build post-harvest facilities for rice and corn and P1 billion to build cold storage facilities to reduce losses and extend the shelf life of the vegetables. — Justine Irish D. Tabile

Previous Post

More than a snack, the pili nut is making its way to your face

Next Post

IEMOP: Dry season demand to drive up spot prices

Next Post
IEMOP: Dry season demand to drive up spot prices

IEMOP: Dry season demand to drive up spot prices

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Company insolvencies fall in England and Wales, but experts warn challenges remain

    Company insolvencies fall in England and Wales, but experts warn challenges remain

    July 18, 2025
    Netflix turns to generative AI for visual effects in original series The Eternauts

    Netflix turns to generative AI for visual effects in original series The Eternauts

    July 18, 2025
    Ocado chief blames Reeves’s Budget for rising food prices as inflation climbs

    Ocado chief blames Reeves’s Budget for rising food prices as inflation climbs

    July 18, 2025
    Building permit approvals inch up in May

    Building permit approvals inch up in May

    July 18, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.